game model analysis of sme financing（博弈模型分析中小企业融资）.docVIP

Game model analysis of SME financing Abstract: SME financing is constraining innovation and technological achievements into technological constraints, the root cause of this phenomenon lies in the financing market, the two ‘mismatch’, function curve by building small and medium enterprises financing, policy recommendations, effectively improve the ‘mismatch’ phenomenon, promotion of SMEs carry out technological innovation. Keywords: SME, finance, modeling, countermeasures Business is technological innovation, SMEs are the main driving force of technological innovation [1]. However, the prevalence of small and medium enterprises financing difficulties phenomenon, as a constraint to the development of SMEs of the potential constraints. This paper on the financing difficulties of SMEs to analyze the root causes, through modeling, to find the crack of the policy. 1 Advantages and innovation in SMEs financing difficulties Typically, large companies with financial and industry technical advantages of integration, through the acquisition of innovative SMEs to continuously inject vitality into the development of their own, such as the World router giant Cisco, the famous pharmaceutical company Pfizer, and Siemens, Philips Pu and other companies, are continuously integrated in the technical achievements of SMEs occupy a leading position in the industry, while SMEs are more willing to take risks, have the inherent advantages of technological innovation, Schumpeter’s research shows that compared with large enterprises, SMEs In carrying out technical innovation has a flexible organizational structure, competitive pressure is easier to accept the innovation, efficiency and innovation in the innovation of time better than the characteristics of large enterprises [3] Research shows that SMEs technological innovation per capita higher than large enterprises 2.5 times the time to market new technologies large enterprises less than 1 / 3, American scholar Scherre